Bernard Aybran
“For the first time in quite a long time, the equity weighting of the balanced portfolio has been reduced to less than 50 per cent (44 per cent), by closing the holdings in Japan and Russian stocks. The proceeds have been mainly kept safe in money markets. The sell-off, which began in the second week of May, left no place to hide but cash. Going forward, we will look to put aside some more money in order to end the summer in a relatively safe investment profile.”
Amount (E) Fund
20,000 MultiAlternatif Equilibre (fund of hedge funds)
8,000 CAAM Dynarbitrage International (Sovereign Debt)
8,000 Franklin Mutual European Equity (Europe equity)
7,000 Centifolia (French equity)
7,000 ING Emerging Debt Hard Currency (Emerging Debt)
7,000 JPMF Natural Resources (Commodities)
7,000 Tricolore (French Equity)
7,000 Victoire Oblig Internationales (Global Fixed Income)
5,000 Axa France Opportunités (French Equity)
5,000 Fidelity European Aggressive (Europe Equity)
5,000 Saint-Honoré Sécurité (monétaire EUR)
5,000 Saint-Honoré Signatures + (high yield EUR)
4,000 Saint-Honore Securite (Euro money market)
3,000 ML Global Energy (global energy)
2,000 First State China Growth (China Equity)
